Tuesday, January 27, 2009

Deficit Jim's Legacy

One other quick note on the Cons' budget.

$85 billion: Deficit Jim's red ink estimated over 5 years.
$87 billion: The total cost over 5 years of Deficit Jim's previously-implemented GST cuts (estimated at $7 billion per point per year), plus the income tax tinkering in the 2009 budget prorated from a 6-year estimate.

And that's leaving aside all the money Flaherty has tossed into other shiny vote-grabbing baubles. Which should make it glaringly clear where the responsibility lies for the deficits now confronting the federal government.

No comments:

Post a Comment